Woori Bank Expands Support for Semiconductor, AI, and Robot Export Companies.. Linked with Government Strategic Industry Policy

[Financial News] Woori Bank announced on the 22nd that it has launched the export-import financial product 'Woori Growth Industry Export-Import Package'. It is a new product prepared to strengthen the global competitiveness of innovative growth companies and excellent export-import companies.
Woori Bank provides competitive interest rates and integrated limits to export-import companies through this product. It supports more flexible fund management by applying integrated limits to various transactions such as opening import letters of credit for import companies and purchasing export bills (OA·DA·DP) for export companies.
This product can be used by export-import companies that produce innovative growth items among new customers who have not had export-import financial transactions with Woori Bank within the last 6 months or whose customs export-import performance based on the previous year exceeds 10 million dollars.
Innovative growth items can be checked in the Innovative Growth Intelligence System (IGS) of the Korea Credit Information Service. Specifically, it includes 240 items reflecting government policies and industry trends such as △semiconductors △artificial intelligence (AI) △manufacturing robots.
A Woori Bank official said, “This new product is intended to reduce the financial burden of export-import companies and actively support the overseas market entry of domestic companies with innovative technologies,” adding, “We will strengthen financial support so that companies can achieve sustainable growth in the global market.”



mj@fnnews.com Park Mun-su Reporter